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North Cape board reviews audit, renews CDs and hears student achievements
Summary
The board approved financial statements and payroll, noted a smooth 2022–23 audit with normal deficiencies, renewed certificates of deposit (best option: a 7-month CD at 4%), discussed Fund 46 capital planning, and heard staff reports on student music, coding projects and a fundraiser that raised more than $240 for Veterans Outreach.
At its Nov. 20 meeting the North Cape School District Board of Education approved the district financial statements and payroll/disbursement checks and heard several routine reports on facilities, the recent audit and school activities.
Treasurer Tom Halter presented the financials (revenue, expenditures and balance sheet) and reported that certificates of deposit were renewed in November, with the best available option being a seven-month CD at 4 percent. The board approved the financial statements and payroll/disbursement checks by unanimous vote.
Under old business the board deferred further facilities discussion but noted a future conversation about furnaces above the library, with a preference expressed for Honeywell-brand filters. The board also confirmed that Snow Solutions will again provide snowplow service this year, with only a minimal increase in salt costs.
The board heard that the 2022–23 financial audit was completed smoothly; auditors reported no significant disagreements and only routine audit deficiencies, including the district’s lack of segregation of duties.
In "Good News" items staff members Mrs. Menken and Mrs. Brown reported that the middle school band performed the national anthem at a veterans assembly and that classroom activities include BeeBots, Ozobots and seasonal coding projects. Leaders in Action held a bake sale that raised over $240 for Veterans Outreach and launched a food drive.
Board members also discussed the pros and cons of establishing a Fund 46 — a long-term capital improvement fund — and noted that creating a capital improvement plan is the first step and that Fund 46 can spread capital expenses over multiple years to reduce the single-year impact on state aid.
The meeting adjourned at 6:21 p.m.
